Difference between quantitative and qualitative analysis

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Reference no: EM133652148

Chapter 1

1. What is the difference between quantitative and qualitative analysis? Give several examples.

2. Define quantitative analysis. What are some of the organizations that support the use of the scientific approach?

3. What are the three categories of business analytics?

Chapter 2:

1. What are the two basic laws of probability?

2. What is the meaning of mutually exclusive events? What is meant by collectively exhaustive? Give an example of each.

3. Describe the various approaches used in determining probability values.

Reference no: EM133652148

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